Abdullah Al-Othaim Markets: Difference between revisions
Citation bot (talk | contribs) Alter: url. URLs might have been anonymized. | Use this bot. Report bugs. | #UCB_CommandLine |
|||
Line 3: | Line 3: | ||
{{Infobox company |
{{Infobox company |
||
| name = Abdullah Al-Othaim Markets |
| name = Abdullah Al-Othaim Markets |
||
| logo = |
| logo = |
||
| image = |
| image = Othaim Markets in Manfuha, Riyadh.JPG |
||
⚫ | |||
| image_caption = |
|||
| type = |
| type = |
||
| |
| traded_as = |
||
| area_served = Saudi Arabia, [[Egypt]]<ref>[http://www.argaam.com/en/article/articledetail/id/430729 Al Othaim Markets opens sixth branch in Egypt]، [[Argaam]]. 23 May 2016.</ref> |
|||
⚫ | |||
⚫ | |||
| num_locations_year = |
|||
| traded_as = {{Saudi Stock Exchange|4001}} |
|||
| area_served = [[Saudi Arabia]], [[Egypt]]<ref>{{cite web |title=Al Othaim Markets opens sixth branch in Egypt |url=https://www.argaam.com/en/article/articledetail/id/430729 |website=ArgaamPlus |language=en}}</ref> |
|||
| founder = [[Abdullah Al-Othaim|Abdullah Saleh Al-Othaim]] |
|||
| key_people = [[Abdullah Al-Othaim]] <br/><small>(Chairman)</small><br /> |
| key_people = [[Abdullah Al-Othaim]] <br/><small>(Chairman)</small><br /> |
||
[[Abdulaziz Abdullah Al Othaim]] <br/><small>(chief executive officer)</small><ref>[https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=46695146 Chief Executive Officer and Executive Director,Abdullah Al-Othaim Markets Company]، Bloomberg L.P site.</ref><ref>[http://www.argaam.com/en/article/articledetail/id/461316 Abdullah Al Othaim Markets Company announces the Appointment of CEO]، Argaam. 9 July 2013.</ref> |
|||
| industry = Retail |
| industry = Retail |
||
| products = [[hypermarket]]/[[supercenter]]/superstore, supermarket. |
|||
| products = Food and consumer goods and household appliances |
|||
| revenue = {{gain}} [[Saudi riyal|SR]] 7.65 billion (2018)<ref>[https://www.othaimmarkets.com/media//invitations/18_en_18671563800376.pdf Annual Report]</ref><ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/abdullah-al-othaim-markets/pid/85635/ Top Companies in the Arab World 2015] {{Webarchive|url=https://web.archive.org/web/20160529193017/http://www.forbesmiddleeast.com/en/lists/people/pname/abdullah-al-othaim-markets/pid/85635/ |date=29 May 2016 }}، Forbes Magazine.</ref> |
|||
| revenue = {{gain}} [[Saudi riyal|SR]] 9.56 billion (2022)<ref>{{cite web |title=ABDULLAH ALOTHAIM MARKETS CO. Q 4, 2022 |url=https://othaim-markets-umb.azurewebsites.net/media/tpwpov0q/investors-presentations-q4-2022-final.pdf |website=othaim-markets-umb.azurewebsites.net}}</ref> |
|||
| operating_income = |
| operating_income = |
||
| net_income = |
| net_income = |
||
| assets = {{Increase}} {{US$| |
| assets = {{Increase}} {{US$|627.8 {{nbsp}}Million}} |
||
| equity = |
| equity = |
||
| num_employees = |
| num_employees = |
||
| subsid = |
|||
| subsid = *Haley Holding Company, Universal Marketing Center Company, Bayt Al watan Company, Marafiq Operating Company, Shurofat Al Jazeera Company, Thamarat Al-Qassim Company, Mueen Recruitment Company, Seven Services Company (Speedi), Abdullah Al-Othaim Markets Company (Egypt) |
|||
| foundation = {{start date and age|May 21, 1980}} |
| foundation = {{start date and age|May 21, 1980}} |
||
⚫ | |||
⚫ | | locations = |
||
⚫ | |||
⚫ | |||
⚫ | | locations = 231 stores in Saudi Arabia, 45 in Egypt (2019)<ref>[https://www.arabnews.com/node/1573436/corporate-news Abdullah Al-Othaim opens 231st branch in Saudi Arabia] [[Arab News]]. 23 October 2019</ref><ref>[https://www.argaam.com/en/article/articledetail/id/581243 Al Othaim opens new store in Egypt] Argaam. 17 November 2019 </ref> |
||
'''Abdullah Al-Othaim Markets Company''' is a [[Saudi Arabia]]{{En dash}}based joint stock company, currently operating in Saudi Arabia and Egypt. It is the subsidiary of Sheikh Saleh Ali Al Othaim Organization, which was founded in 1956. Its main activities are food wholesaling, grocery stores, and malls.<ref>{{cite web |last1=Mughal |first1=Waqar |title=Othaim Holding - The Top 100 Arab Family Businesses |url=https://www.forbesmiddleeast.com/lists/the-top-100-arab-family-businesses/othaim-holding/ |website=Forbes Lists}}</ref> |
|||
⚫ | |||
}} |
|||
'''Abdullah Al-Othaim Markets Company''' is a [[Saudi Arabia]]{{En dash}}based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. {{as of|2017}} the company operated 183 stores {{En dash}} 143 supermarkets and [[hypermarkets]], 27 [[convenience store]]s, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt.<ref>[https://www.google.com/finance?cid=83096464924116 Abdullah Al Othaim Markets Co (TADAWUL:4001)]، Google Finance.</ref> |
|||
⚫ | By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a [[publicly listed company]].<ref>{{cite web|url=https://books.google.com/books?id=59sdAQAAMAAJ|title=D and B Principal International Businesses|date=1 January 2009|publisher=Dun & Bradstreet|via=Google Books}}</ref><ref>{{cite web|url=https://books.google.com/books?id=e10gAQAAIAAJ|title=Directory of Corporate Affiliations|date=1 January 2004|publisher=National Register Publishing Company|via=Google Books}}</ref> |
||
With a presence in over 100 regions and cities, the company has achieved a vast geographical spread throughout the Kingdom. It has a high number of branches, with more than 323 branches inside the Kingdom till 2023, in addition to its spread outside the Kingdom, with 46 branches in the Arab Republic of Egypt.<ref>{{cite web |title=أسواق العثيم تفتتح أحدث فروعها في حي الرحاب بالطائف |url=https://sabq.org/saudia/33gdktddwu#:~:text=%D8%A7%D9%81%D8%AA%D8%AA%D8%AD%D8%AA%20%D8%A3%D8%B3%D9%88%D8%A7%D9%82%20%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87%20%D8%A7%D9%84%D8%B9%D8%AB%D9%8A%D9%85%20%D8%A3%D8%AD%D8%AF%D8%AB%20%D9%81%D8%B1%D9%88%D8%B9%D9%87%D8%A7%20%D9%81%D9%8A%20%D8%AD%D9%8A,%D8%B1%D8%A4%D9%8A%D8%AA%D9%87%D8%A7%20%D8%A7%D9%84%D8%B7%D9%85%D9%88%D8%AD%D8%A9%20%D8%A7%D9%84%D9%85%D8%AA%D9%85%D8%AB%D9%84%D8%A9%20%D9%81%D9%8A%20%28%D8%AD%D9%8A%D8%A7%D8%A9%20%D8%A3%D9%81%D8%B6%D9%84%20%D8%A8%D8%AA%D9%83%D8%A7%D9%84%D9%8A%D9%81%20%D8%A3%D9%82%D9%84%29. |website=صحيفة سبق الالكترونية |language=ar |date=14 December 2022}}</ref><ref>{{cite web |title=أسواق عبدالله العثيم تفتتح الفرع الـ 46 في مصر |url=http://www.3rodhcity.com/news/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%B9%D8%AB%D9%8A%D9%85-%D8%AA%D9%81%D8%AA%D8%AA%D8%AD-%D8%A7%D9%84%D9%81%D8%B1%D8%B9-%D8%A7%D9%84%D9%80-46/ |website=عروض ستي |language=ar |date=12 September 2019}}</ref><ref>{{cite web |title=Al-Othaim Markets adds 18 branches as it plans $226m stake sale of investment arm |url=https://www.arabnews.com/node/2147646/business-economy |website=Arab News |language=en |date=22 August 2022}}</ref> |
|||
[[Forbes]] ranked the company third in the [[Arab World]] for retail executive management in 2016.<ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/78734/ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016] {{Webarchive|url=https://web.archive.org/web/20161105095835/http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/78734/ |date=5 November 2016 }} Forbes Magazine.</ref> It also ranked the company in the top 100 companies in Saudi Arabia, and the top 200 companies in the [[Arab World]].<ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77260/ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016] {{Webarchive|url=https://web.archive.org/web/20161105100229/http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77260/ |date=5 November 2016 }} Forbes Magazine.</ref> In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.<ref>{{Cite web|date=2020-06-11|title=Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020|url=https://arab.news/83dbv|access-date=2020-09-08|website=Arab News|language=en}}</ref> |
[[Forbes]] ranked the company third in the [[Arab World]] for retail executive management in 2016.<ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/78734/ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016] {{Webarchive|url=https://web.archive.org/web/20161105095835/http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/78734/ |date=5 November 2016 }} Forbes Magazine.</ref> It also ranked the company in the top 100 companies in [[Saudi Arabia|Saudi Arabian]],<ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77401/ TOP 100 COMPANIES IN THE KSA 2016] {{Webarchive|url=https://web.archive.org/web/20160813113127/http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77401/ |date=13 August 2016 }} Forbes Magazine</ref> and the top 200 companies in the [[Arab World]].<ref>[http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77260/ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016] {{Webarchive|url=https://web.archive.org/web/20161105100229/http://www.forbesmiddleeast.com/en/lists/people/pname/othaim-markets/pid/77260/ |date=5 November 2016 }} Forbes Magazine.</ref> In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.<ref>{{Cite web|date=2020-06-11|title=Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020|url=https://arab.news/83dbv|access-date=2020-09-08|website=Arab News|language=en}}</ref> |
||
==History== |
|||
===1956 to 1980=== |
|||
In 1956 Al-Othaim Trading was established in Riyadh, Saudi Arabia by Sheikh Saleh Ali Al-Othaim. The foundation of Abdullah Al-Othaim Markets Company in 1980, which expanded commercial activities by building branches to sell wholesale and retail commodities.<ref>{{cite web |title=سر نجاح عبدالله العثيم.. "بيع الكثير مع الربح القليل" |url=https://www.alriyadh.com/801048 |website=alriyadh.com}}</ref><ref>{{cite web |title=Tadawul / 200 Listed Securities |url=https://200listedsecurities.saudiexchange.sa/Resources/200ListedSecurities/consumer_staples/abdullah_al_othaim_markets_company.html |website=200listedsecurities.saudiexchange.sa}}</ref> |
|||
===From 1981 to 2000=== |
|||
In 1990, Abdullah Al-Othaim Markets Company opened Store No. 14 and implemented the "Consumer Protection" method, making it one of the top markets in this industry. In 1992, The company's central warehouses with its quality requirements in dry and refrigerated storage were opened. The foundation of Al-Othaim Academy for Training and Development in the year 2000, with a total of 95,000 trainees to date.<ref>{{cite web |title=مؤسسة العثيم الخيرية |url=https://charity.othaimmarkets.com/CommonInfo/AboutUS.aspx |website=charity.othaimmarkets.com}}</ref> |
|||
===From 2001 to 2010=== |
|||
The "Iktissab" loyalty system was launched in 2004, and it is now one of the major loyalty networks in the Kingdom of Saudi Arabia. In 2007, the initiative of leaving halal donation from customers during store transactions to help official charities was launched.<ref>{{cite web |last1=al-Saʻūdī |first1=Muʼassasat al-Naqd al-ʻArabī |title=Annual Report |url=https://books.google.com/books?id=lDDwAAAAMAAJ&q=Abdullah+Othaim |language=en |date=2009}}</ref> |
|||
⚫ | By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a [[publicly listed company]] |
||
===From 2011 to 2023=== |
|||
In 2016, the first Othaim Markets outlets opened in Egypt where the Othaim Markets management decided to establish commercial chains to sell foodstuffs. With an initial amount of 144 million riyals, the first 15 branches were opened in 2016, as part of the expansion plan to establish chains under the name “Al-Othaim” in the Egyptian market. The launch of shop No. 300 in the Kingdom of Saudi Arabia in 2022.<ref>{{cite web |title=16 ألف غرفة فندقية جديدة ستدخل السوق السعودي في 2018 |url=https://arabic.arabianbusiness.com/business/business-travel-hospitality/16-ألف-غرفة-فندقية-جديدة-ستدخل-السوق-الس |website=arabic.arabianbusiness.com}}</ref><ref>{{cite web |title="أسواق العثيم" تواصل افتتاح الفروع وتقديم أفضل المنتجات لعملائها |url=https://www.al-jazirah.com/2016/20160523/pl2.htm |website=www.al-jazirah.com}}</ref> |
|||
==Affiliation== |
|||
Abdullah Al-Othaim Markets Company is linked with several enterprises both within and beyond the Kingdom, including:<ref>{{cite web |title=ORGANIZATION AND ACTIVITIES |url=https://argaamplus.s3.amazonaws.com/6eca7a52-93b9-416b-be7c-4e64d28ad25c.pdf |website=argaamplus.s3.amazonaws.com}}</ref> |
|||
*Haley Holding Company |
|||
*Universal Marketing Center Company |
|||
*Bayt Al Watan Company |
|||
*Marafiq Operating Company<ref>{{cite web |title=The Power and Water Utility Company for Jubail and Yanbu |url=https://www.saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/!ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30I4EKzBEKDMKcTQzMDPxN3H19LAzdTU31w8syU8v1wwkpK8hOMgUA-oskdg!!/?companySymbol=2083 |website=saudiexchange.sa}}</ref> |
|||
*Shurofat Al Jazeera Company |
|||
*Thamarat Al-Qassim Company<ref>{{cite web |title=Al Othaim Subsidiary Buys Agricultural Lands in al Qassim |url=https://www.argaam.com/en/article/articledetail/id/362702 |website=ArgaamPlus |language=en}}</ref> |
|||
*Mueen Recruitment Company<ref>{{cite web |title=Al Othaim says Mueen Recruitment got operating license |url=https://english.mubasher.info/news/2827744/Al-Othaim-says-Mueen-Recruitment-got-operating-license/ |website=english.mubasher.info |language=en |date=13 October 2015}}</ref> |
|||
*Abdullah Al-Othaim Markets Company (Egypt)<ref>{{cite web |title=Abdullah Al-Othaim Markets opens 32nd branch in Egypt |url=https://www.arabnews.com/node/1189281/corporate-news |website=Arab News |language=en |date=6 November 2017}}</ref> |
|||
==Corporate Social Responsibility== |
|||
Through the implementation of numerous programmes that are an intrinsic component of the company's policy and approach, Abdullah Al-Othaim Markets Company is responsible for social responsibility and community service programmes. The most well-known of these programmes are: |
|||
===Residual halal donation program=== |
|||
The number of associations benefiting from this project has surpassed 15 in the Kingdom, and total donations have exceeded (10) million riyals since the program's inception.<ref>{{cite web |title=عملاء أسواق عبدالله العثيم يواصلون دعمهم للجمعيات الخيرية |url=https://www.al-jazirah.com/2018/20180121/fe4.htm#:~:text=%D8%A3%D9%83%D8%AF%20%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B9%D8%B2%D9%8A%D8%B2%20%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87%20%D8%A7%D9%84%D8%B9%D8%AB%D9%8A%D9%85%20%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%20%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A%20%D9%84%D8%B4%D8%B1%D9%83%D8%A9%20%D8%A3%D8%B3%D9%88%D8%A7%D9%82,%D9%88%D9%85%D8%A8%D9%84%D8%BA%20%D8%A7%D9%84%D8%AA%D8%A8%D8%B1%D8%B9%20%D9%88%D8%A7%D9%84%D9%85%D8%A8%D9%84%D8%BA%20%D8%A7%D9%84%D8%A5%D8%AC%D9%85%D8%A7%D9%84%D9%8A%20%D8%A7%D9%84%D8%B0%D9%8A%20%D9%88%D8%B5%D9%84%D8%AA%20%D8%A5%D9%84%D9%8A%D9%87%20%D8%A7%D9%84%D8%AC%D9%85%D8%B9%D9%8A%D8%A9. |website=www.al-jazirah.com}}</ref> |
|||
===Magnetic cards initiative and Charitable Purchases=== |
|||
Dedicated to specific groups in society, disbursed through charities, and over 100,000 families benefited from them through more than 60 charitable societies in the Kingdom, as financial support provided by Al-Othaim Markets in this programme totaled more than 148 million riyals until the end of the first quarter of the current year 2023. Abdullah Al-Othaim Markets Company contributed more than 36 million riyals to the purchase of charity associations in the Kingdom of Sanabel Al-Khair cards until the conclusion of the first quarter of the current year 2023.<ref>{{cite web |title=أسواق العثيم توفر بطاقة الشراء الخيرية في جميع فروعها في السعودية {{!}} الاقتصادي |url=https://manhom.com/aliqtisadi/116652-%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%B9%D8%AB%D9%8A%D9%85-%D8%AA%D9%88%D9%81%D8%B1-%D8%A8%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%AE%D9%8A%D8%B1%D9%8A/#:~:text=%D9%88%D8%A8%D8%AD%D8%B3%D8%A8%20%D8%B5%D8%AD%D9%8A%D9%81%D8%A9%20%22%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%22%20%D8%A3%D9%83%D8%AF%20%D8%A7%D9%84%D8%AD%D9%85%D8%AF%D8%8C%20%D8%A3%D9%86%20%22%D8%A8%D8%B7%D8%A7%D9%82%D8%A9%20%D8%B3%D9%86%D8%A7%D8%A8%D9%84,%D9%8A%D9%82%D9%88%D9%85%20%D8%A8%D8%AF%D9%81%D8%B9%D9%87%D8%A7%20%D9%81%D8%A7%D8%B9%D9%84%D9%88%20%D8%A7%D9%84%D8%AE%D9%8A%D8%B1%20%D8%A3%D9%88%20%D8%A7%D9%84%D8%AC%D9%85%D8%B9%D9%8A%D8%A7%D8%AA%20%D8%A7%D9%84%D8%AE%D9%8A%D8%B1%D9%8A%D8%A9%20%D9%84%D9%84%D9%85%D8%AD%D8%AA%D8%A7%D8%AC%D9%8A%D9%86%22. |website=manhom.com |language=ar |date=1 July 2013}}</ref> |
|||
===Charitable associations and institutions agreement=== |
|||
Several agreements were negotiated to support the programmes of a variety of philanthropic organisations and institutions in the Kingdom, including the Voice Down Syndrome Association and others.<ref>{{cite web |title=العثيم» تدعم "صوت متلازمة داون" بمنتج خاص |url=https://www.alriyadh.com/1544060#:~:text=%D9%88%D9%83%D8%A7%D9%86%D8%AA%20%D8%AC%D9%85%D8%B9%D9%8A%D8%A9%20%D8%B5%D9%88%D8%AA%20%D9%85%D8%AA%D9%84%D8%A7%D8%B2%D9%85%D8%A9%20%D8%AF%D8%A7%D9%88%D9%86%20%D9%88%D9%82%D8%B9%D8%AA%20%D9%85%D8%B7%D9%84%D8%B9%20%D8%A7%D9%84%D8%B9%D8%A7%D9%85,%D8%A8%D9%8A%D8%B9%20%D8%A3%D8%AD%D8%AF%20%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA%20%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%85%D8%A9%20%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9%20%D8%A8%D8%A3%D8%B3%D9%88%D8%A7%D9%82%20%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87%20%D8%A7%D9%84%D8%B9%D8%AB%D9%8A%D9%85. |website=alriyadh.com}}</ref> |
|||
===Iktissab program=== |
|||
The Iktissab programme is the first integrated programme sponsored by Abdullah Al-Othaim Markets Company, Al-Othaim Charitable Foundation, and Iktissab Company, which is linked with Abdullah Al-Othaim Markets Company. The program's concept is centred on giving consumer and food commodities to the ultimate consumer who belongs to one of society's target groups at a reasonable and subsidised price. Customers who shop receive direct subsidies on a variety of essential and basic items, with a monthly maximum subsidy limit of 200 riyals per recipient. Until the end of the first quarter of the current year 2023G, total assistance amounted to more than 41 million riyals.<ref>{{cite web |title=End-of-year sale festival at Abdullah Al-Othaim Markets |url=https://www.arabnews.com/node/1403081/%7B%7B |website=Arab News |language=en}}</ref> |
|||
==Board of Directors and members== |
|||
* [[Abdullah Saleh Ali Al-Othaim]], board chairman and Executive Committee Chairman |
|||
* Bader Alaujan, Board Vice Chairman |
|||
* Bandar Sulaiman Albohiry, Board Member |
|||
* Bandar Nasser Al-Tamimi, Board Member |
|||
* Raed Abdullah Alhogail, board member and Audit Committee Chairman |
|||
* Saad Ibrahim Almushawah, board member and Nominations & Remuneration Committee Chairman |
|||
* Abdulkarim Hamed Alnujaidi, Board Member |
|||
* Mohammed Hassan Alshuail, Board Member |
|||
<ref>{{cite web |title=A.Othaim Market organizational-structure {{!}} TADAWUL {{!}} TASI {{!}} Argaam |url=https://www.argaam.com/en/tadawul/tasi/a-othaim-market/organizational-structure |website=www.argaam.com}}</ref> |
|||
==Awards== |
|||
*Abdullah Al-Othaim Markets Company is among the 100 most powerful companies in the Middle East 2020, according to Forbes magazine<ref>{{cite web |title=Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020 |url=https://www.arabnews.com/node/1688306/corporate-news |website=Arab News |language=en |date=11 June 2020}}</ref> |
|||
*RLI Award for Sustainability in Retail Sector for the year 2022<ref>{{cite web |title=Abdullah Al-Othaim takes marketing to new heights |url=https://retailasia.com/co-written-partner/event-news/abdullah-al-othaim-takes-marketing-new-heights |website=Retail Asia |language=en |date=7 July 2022}}</ref> |
|||
*Forbes top 100 companies in Middle East 2020<ref>{{cite web |title=Saudi Arabia winners: Almarai, Safola Group and Abdullah Al Othaim Markets ranked among Forbes top 100 companies in Middle East |url=https://www.foodnavigator-asia.com/Article/2020/07/01/Saudi-Arabia-winners-Almarai-Safola-Group-and-Abdullah-Al-Othaim-Markets-ranked-among-Forbes-top-100-companies-in-Middle-East# |website=foodnavigator-asia.com |date=1 July 2020}}</ref> |
|||
*Excellence in Governance Award 2019 by [[Alfaisal University]] for the best listed companies in the capital market<ref>{{cite web |title=Corporate Governance Center |url=https://cob.alfaisal.edu/pdf/saudicg/dec-2021/winning-companies-presentation.pdf |website=cob.alfaisal.edu/}}</ref> |
|||
==Gallery== |
|||
<gallery mode="packed" heights="150"> |
|||
⚫ | |||
</gallery> |
|||
==References== |
==References== |
||
<references/> |
|||
{{reflist}} |
|||
==External links== |
==External links== |
Revision as of 08:58, 6 December 2023
ISIN | SA1230K1UGH7 |
---|---|
Industry | Retail |
Founded | May 21, 1980 |
Headquarters | , |
Number of locations | 231 stores in Saudi Arabia, 45 in Egypt (2019)[1][2] |
Area served | Saudi Arabia, Egypt[3] |
Key people | Abdullah Al-Othaim (Chairman) Abdulaziz Abdullah Al Othaim (chief executive officer)[4][5] |
Products | hypermarket/supercenter/superstore, supermarket. |
Revenue | SR 7.65 billion (2018)[6][7] |
Total assets | US$627.8 Million |
Website | www.othaimmarkets.com |
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. As of 2017[update] the company operated 183 stores – 143 supermarkets and hypermarkets, 27 convenience stores, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt.[8]
By 2008, Abdullah Al-Othaim Markets had completed the transformation from a private company to a publicly listed company.[9][10]
Forbes ranked the company third in the Arab World for retail executive management in 2016.[11] It also ranked the company in the top 100 companies in Saudi Arabian,[12] and the top 200 companies in the Arab World.[13] In 2020, Forbes Middle-East listed the company was one of the 100 largest public companies in the Middle-East.[14]
References
- ^ Abdullah Al-Othaim opens 231st branch in Saudi Arabia Arab News. 23 October 2019
- ^ Al Othaim opens new store in Egypt Argaam. 17 November 2019
- ^ Al Othaim Markets opens sixth branch in Egypt، Argaam. 23 May 2016.
- ^ Chief Executive Officer and Executive Director,Abdullah Al-Othaim Markets Company، Bloomberg L.P site.
- ^ Abdullah Al Othaim Markets Company announces the Appointment of CEO، Argaam. 9 July 2013.
- ^ Annual Report
- ^ Top Companies in the Arab World 2015 Archived 29 May 2016 at the Wayback Machine، Forbes Magazine.
- ^ Abdullah Al Othaim Markets Co (TADAWUL:4001)، Google Finance.
- ^ "D and B Principal International Businesses". Dun & Bradstreet. 1 January 2009 – via Google Books.
- ^ "Directory of Corporate Affiliations". National Register Publishing Company. 1 January 2004 – via Google Books.
- ^ TOP EXECUTIVE MANAGEMENT IN THE ARAB WORLD RETAIL 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
- ^ TOP 100 COMPANIES IN THE KSA 2016 Archived 13 August 2016 at the Wayback Machine Forbes Magazine
- ^ THE TOP 200 COMPANIES IN THE ARAB WORLD 2016 Archived 5 November 2016 at the Wayback Machine Forbes Magazine.
- ^ "Abdullah Al-Othaim markets among 100 largest companies in the Middle-East in 2020". Arab News. 11 June 2020. Retrieved 8 September 2020.